BlueTarp Financial Partners with West Supply Company to Manage In-House Credit Program Fourth-Generation Building Material Distributor Gains Predictable Cash Flow, Enjoys Reduced Risk
PORTLAND, Maine and UPPER DARBY, Pa., Sept. 26, 2013 /PRNewswire/ -- BlueTarp Financial, the leading manager of in-house trade credit programs for the building supply industry, has entered into a partnership with West Supply Company of Upper Darby, Pa. Under this agreement, BlueTarp will manage all aspects of the fourth-generation family business's credit program -- credit extension, customer service, billing and collections -- providing West Supply with guaranteed cash flow, protection from credit risk and professional tools and services for their contractors.
West Supply Company was founded in 1950 and is a fourth-generation building material distributor. West is a part of the Philadelphia Reserve Supply and Progressive Affiliated Lumbermen buying groups. By choosing BlueTarp to manage their in-house credit program, West Supply can use the cash flow to invest in growth while avoiding the risks of delayed customer payments. Most importantly, West will be able to better meet the needs of their evolving professional customer base by giving them the same flexible credit they've always had plus loyalty rewards and online tools that simplify their business.
"We are growing fast and we knew our trade credit program had to evolve with us -- without impacting our long-term, valued customer relationships," said Stan Reese, one of the owners of West Supply Company. "The professionals at BlueTarp provide the customized level of service we need to manage our in-house credit accounts, which enables us to focus on our core business and future success."
"We're flattered when a multi-generation dealer like West Supply places their trust in us to serve them and their customers well," said Scott Simpson, CEO of BlueTarp Financial. "Stan and his team can rely on us for our building supply credit expertise and focus on what they do best -- provide personalized service to everyone who walks through their doors. We're honored to become part of the West Supply team."
About BlueTarp Financial
BlueTarp Financial manages the in-house trade credit programs for thousands of building supply dealers across the United States. Those dealers enjoy predictable cash flow, protection from risk and professional tools and services for their customers. BlueTarp Financial was founded in 1998 and is headquartered in Portland, Maine. For more information, visit www.bluetarp.com or follow them on Twitter @BlueTarpCredit.
SOURCE BlueTarp Financial